Belgian Service for Advance Decisions releases 2012 annual report

In 2012, the Service for Advance Decisions (SAD) issued 550 advance tax decisions (also referred to as “rulings”), including 97 on transfer pricing (TP). On average, these advance tax decisions took only 67 days from formal filing to decision. The stable volume of decisions demonstrates the success of the Belgian rulings practice as a powerful instrument for tax risk management, especially considering the recent and constant increase in in-depth TP audits.